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  • 2381 Retirement Revise Calculation Of Pers Additional Annual Benefit - Billstatus Ls State Ms

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Culation of PERS additional annual benefit. !! " # Amend by striking all after the enacting clause and inserting in lieu thereof the following: 51 52 53 SECTION 1. Section 25-11-111, Mississippi Code of 1972, is amended as follows: 25-11-111. (a) Any member upon withdrawal from service upon 54 or after attainme.

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Employees contribute 9% out of each of their paychecks to the pension fund. The average retirement benefit is $20,185 per year, or $1,682 per month. The PERS pension replaces 60% of pre-retirement income for a teacher with 30 years of service.

You can retire with 30 years of creditable service at any age or age 60 and vested. Partial Lump Sum Option (PLSO) eligibility requires that...

Your initial retirement benefit is calculated using projected wages certified by your employer before your termination date. After your final wages are reported, PERS will audit your account and, if necessary, adjust your benefit for any underpayment or overpayment.

Employees contribute 9% out of each of their paychecks to the pension fund. The average retirement benefit is $20,185 per year, or $1,682 per month. The PERS pension replaces 60% of pre-retirement income for a teacher with 30 years of service.

PERS refund process: To request a PERS refund, complete a PERS Form 5 (Member Refund Application). Form 5 is on the PERS website: .pers.ms.gov. Complete sections 1-4 of the form. Section 5, “Employer Certification,” is completed by UMMC. You may submit your completed form to UMMC using one of the below methods.

Compensation: Your contributions/interest is the total money you have paid into PERS (excluding any previously unpaid refunds) and the interest earned on that money. Your average compensation is calculated using your four highest years of salary and payment of up to 240 hours of leave.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232